2014 ARS to MRO Historical Review

YEARLY HIGH

44.6307 MRO

YEARLY LOW

33.7600 MRO

YEARLY AVERAGE

36.1292 MRO

2014 ARS to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ARS to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 44.6307. Conversely, the yearly low was recorded on December 8, dropping to 33.7600.

This high-to-low spread represents a total annual volatility of 10.8707 MRO. From a start-to-finish perspective, comparing the January average rate of 41.8580 to the December average rate of 34.0452, the exchange rate registered a net change of -18.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 44.6307 was down 27.64% compared to the 2013 peak of 61.6762, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ARS based on timing:

Yearly Peak High 223,153 MRO

2013 Average 269,479 MRO

Yearly Trough Low 168,800 MRO

Transaction Impact: A difference of 54,353.41 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

42.6393

33.2639

JanuMarcMayJulySeptNove

ARS to MRO Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 37.5283, compared to 34.7302 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.7980 points.

H1 Avg (Jan–Jun) 37.5283

H2 Avg (Jul–Dec) 34.7302

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 8.3237 MRO (High: 44.6307 / Low: 36.3070). On the other end, July was the most stable month, with a tight range of 0.3300 MRO (High: 35.9500 / Low: 35.6199).

January Spread (Volatile) ±8.3237

July Spread (Stable) ±0.3300

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 4.8459 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -4.8459

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 41.8580) against the same month in 2013 (average: 60.9111), the exchange rate shifted by -19.0532 (-31.28%).

2014 Avg (January) 41.8580

2013 Avg (January) 60.9111

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	44.6307	36.3070	41.8580
February	37.4945	36.2992	37.0121
March	37.2089	36.6036	36.9073
April	37.1656	36.5166	36.8771
May	36.9670	36.1209	36.5487
June	36.2610	35.7635	35.9663
July	35.9500	35.6199	35.7826
August	35.4385	34.6470	35.1389
September	34.9377	34.3616	34.6474
October	34.6478	34.0346	34.4609
November	34.6076	34.0389	34.3063
December	34.4754	33.7600	34.0452